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NEWS GFPS moves ahead in 2021


Georg Fischer Piping Systems (GFPS) has report- ed strong interim results. The division – the largest


part of parent company Georg Fischer, accounting for around 54% of sales – posted half-year sales of CHF983 million (US$1,076m). This was a 16% increase compared to the same period last year. It also reported a


profitability (EBIT) of €128m (US$140m) – an increase of 36%. The division’s strong recovery was due mainly to its presence in growth markets and segments such as microelectronics, water and gas infrastructure, said the company.


structure installations. GFPS has also been adding capacity in fast-growing mar- kets, such as the acquisition of FGS Brasil last year. The company is also building a plant in Yang- zhou, China, with production there expected to start by the beginning of next year. The recovery seen in the


GFPS added that sales in the first half of the year were “spearheaded by China”. Asia as a whole accounts for 31% of sales, with Europe taking 45% and the Ameri- cas 19%. For comparison, the


parent company grew sales by 20%, while EBIT more


than doubled. The main contributor to this was casting solutions, which grew sales by nearly 40%. The pipes division is focusing its efforts on solutions with sustainability benefits. An example is non-destructive testing of pipe connections in infra-


first half of this year is expected to continue, driven by healthy order intake, and initiatives such as government infrastruc- ture projects. “GF expects sales growth in the double-digits in 2021, as well as a substantial increase in profit,” it said. � www.georgfischer.com


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Guill Tool & Engineering is a leading supplier of rubber and plastic extrusion tooling for products ranging in size from 0.005 inch diameter tubing, various size profile extrusions, and up to 20 inch industrial pipe. We offer six or more layer inline dies and crossheads backed by engineering support that's unmatched in the industry.


3D CAD, CFD and FEA software begin our process and all products are made in our quality-first production facility.


“ENGINEERING SOLUTIONS THAT MAKE SENSE”


We welcome all challenges!


www.guill.com www tooling@guill.com tooling@guill.com


West Warwick, Rhode Island (USA)


401-828-7600 Guill Ad5054 P&PE February 2015


IMAGE: GEORG FISCHER


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